Global Pre-shipment Inspection Market is projected to register a healthy CAGR of 6.3% in the forecast period of 2019 to 2026.

The pre-shipment inspection, as the name suggests, is the inspection before shipment of goods. Pre-shipment inspection process can be done at different stages before shipment such as checking of goods and packaging, quality control or consistency of goods, checking of all documentation and so on. In other words, pre-shipment process has been carried out to reduce the risk of poor quality and non-compliance goods, minimize product recalls and reduce cost. After successful pre-shipment inspection, exporter gets an inspection certificate which indirectly increases the overall sells of goods. The applications of pre-shipment inspection include food and agriculture, chemicals, medical and health care sector, mining, transportation, oil and gas sector and others.

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Competitive Analysis:
Some of the prominent participants operating in this market are
• AIM Control Group
• ALS Limited
• Applus+
• Asia Quality Focus
• AsiaInspection
• Bureau Veritas
• Cayley Aerospace
• CIS Commodity Inspection Services
• Cotecna Inspection SA
• Eurofins Scientific
• Guangdong Inspection
• Intertek Group plc
• TÜV Nord Group
• TÜV Rheinland
• TUV SUD
• DNV GL AS

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Segmentation:
The global pre-shipment inspection market is segmented into three notable segments which are sourcing type, EXIM and application.
• On the basis of sourcing type, the market is segmented into in-house and outsourced. In 2019, the in-house segment is growing at the highest CAGR in the forecast period of 2019 to 2026.
o In June, SGS acquired Advanced Metrology Solutions to provide 3D metrology precision services and highly technical inspection measurement processes.
• On the basis of EXIM, the market is segmented into export goods and import goods. In 2019, export goods market is growing at the highest CAGR in the forecast period of 2019 to 2026.
o In December, Bureau Veritas acquired ICTK Co., Ltd. ICTK Co., Ltd. is a global transaction & security solution provider that serves more than 200 clients worldwide. The acquisition has been beneficial to make good revenue in Transaction & Security Solution
• On the basis of application the market is segmented into consumer goods and retail, agriculture and food, chemicals, construction and infrastructure, industrial and manufacturing, medical devices and life sciences, mining, oil & gas and petroleum, transportation and supply chain and logistics. The transportation segment is sub-segmented into automotive, aerospace, marine and rail. The consumer goods and retail market is growing at the highest CAGR in the forecast period of 2019-2026.

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This release was published on openPR.